New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-17
TnGilcldL.
THE PHILADELPHIA AND READING
RAILROAD COMPANY.

THE PHILADELPHIA AND READING
RAILROAD COMPANY.
GENERAL OFFICE. 227 SOUTH FouRrH-sr,
PHrLADELPHiA Feb. 10, 1887. J
TO THE HOLDERS OF SECURITIES IN THE PHILA.
DELPHIA AND READING RAILROAD COMPANY,
On the fret day Of nc1 the time expires within which
the various securities be deposited plan
organization and In not then
TO warrant the trustees In reorganze
closure the plan provides foreclosure and
had only In the interest OF deposited prior
date The Court has declared delays will
be permitted and unless reorganization be promptly effected
1t VIII feel at liberty receivershp. Is
Important for all interests
avoided Therefore. oil persons who desire participate
this plan Tor the reorganization OF the property should act
promptly make the deposit and pay tho whore
such are required, within the time limited.
mat the present plan. with without foreclosure will
succeed Is In opinion beyond doubt notice
Is given that holders clearly that deposits Of
all classes OF securities must be promptly being
determination on the part of all parties that
delay VIII be permitted to interfere with speedy reorganza
ton.
GENERAL MORTGAGE BONDS.
Holders should deposit bonds Messrs. Co..
Philadelphia Drexel, Morgan G Co.. NewYork ]. 8.
Morgan Co. London, before March !. 1887.
gotable certificate bearing from January
j. 1885, VIII be given for each bond he matured interest
said certificate from January 1885 January 1887 will
DO paid In cash. the company have the right of the
General Mortgage Bonds principal before the
lst OF July. 1888. and paid off, viii issue for each
bond
New per cent General Mortgage bond for 81 900
And LIST Preference Income Mortgage bond for 4s0
The $3.50 being for the unpaid January and July
1885, md January 1888 and compensation for the reduc
ton OK interest The General bonhoders
will receive $500 in LIST Preference bonds instead Of $780, as
above.
Holders Of the following should deposit
them before March lst with Bros Co..
Philadelph la New York, Brown shpeY Co.. London
Temporary receipts will be given exchangeabo into
TABLE certificates when the ready For these
table certificates the eorganzed company will issue the
securities named eter each class hereafter specified As
sessmens will be made follows and Will be
called for in monthly Dsaments OF 25 each aud 30
days notice by advertisement will be given prior each CALL
For all money paid account OF Assessments the company
viii issue First Preference per cent Income Mortgage
bonds which viii rank the reorganzed company next after
the General Mortgage bonds the bonds issued therefor;
For INCOME MORTGAGE RoNDs
For CONVERTIBLE ADJUSTMENT SCRIP.
For DEBENTURE AND GUARANTEE SCRIP,
For FIRST SERIES PER CENT CONSOLIDATED
MORTGAGE BONDS,
There Will be given Second Preference Income Mortgage
bonds. Assessment 800 per Of bonds scrip
For 30 SERIES PER CENT CONSOLIDATED MORT.
GAGE BONDS.
There viii be given 80 per OF Second Preference In
Mortgage bonds and so per OF Third Preference
Mortgage bonds Assessment per 900 bond
For CONVERTIBLE BONDS OF THE RAILROAD
COMPANY.
For DEBESTURE BONDS OF THE RAILROAD COM.
PANY
For DEBESTURE BONDS OF THE COAL AND IRON
COMPANY.
There VIII DO given Third Preference Income Mortgage
bonds. Assessment $3.50 per 81 600 bond
FOR PREFERRED STOCK,
viii DO given SIS OF Third Preference Income Mort
bonds for each share. Assessment, $40 per share.
FOR COMNON STOCK.
There will bo given certificates OF interest in tho Voting
Trust equivalent the deposited Assessment $40
per share.
DEFERRED INCOME BONDS,
deposited will re stamped asserting TO the plan and
returned depo.orA s25 Tor $1,000 Of bonds
(or 20 bonds of $50 eachl
For the u tho above named securi
viii Dc the same kind OF bonds as that given
Tor the principal
Holders residing AZ distance from Philadelphia, New
York or onfon their securities by registered mail
to the opostores panied by properly executed powers
OF attorney forms which viii DO supplied application TO
the depositoe, ". Il TAYLOR Secretary and H. H. H.
Co, Philadelphia.